Just received this notification on yahoo: Legal action against Robinhood due to trading restrictions, traders with losses encouraged to participate. Could mean big news soon!

i don't know fuckall about this stuff, but this MIGHT disqualify you from any potential class action cases. TREAD CAREFULLY

When are claims subject to FINRA arbitration?

Many brokers, like Robinhood, include arbitration clauses in their customer agreements where customers agree to bring their disputes to arbitration, not in court. They also include “class action waiver” clauses that prevent customers from joining or being part of a class action. A class action is a type of case where specific people act as representatives of the interests of unrepresented but similar people.

Companies attempt to use arbitration along with a class waiver to deny individuals the right to bring their claims collectively, as part of a class action. However, individuals can still bring claims on their own through arbitration. The individual arbitration process can be faster and more effective in resolving claims than class action litigation.

near the bottom

https://clientconnect.labaton.com/case/robinhood-trading-restrictions/

/r/Superstonk Thread Parent Link - finance.yahoo.com